Ewj: elliott wave

[Mup]

This is the Bulls only Hope that the 61.8% on the OEX holds... Otherwise its good night vienna

OEX makes up 66.7% of the SPX.....

 

[Mup]

With that 61.8% on the OEX

If the bulls want to be breave and catch the knife..

 

[mu200411]

Reverse position again, because a higher high.
Hope this is the last time.
May be, may be not.

 

[mu200411]

A second higher high, a second buy signal. Good Sign.

 

[mu200411]

Set target at end of Microwave iii.iv. Reverse position when there is a lower low near target, then set stop at the last high.
May take one or two day to reach target. Try to avoid whipsaws.

 

[Mup]

Needs to Clear that 1469-70 areato change degree ...ie the +15 ALt correction level with fibs converging

 

[Landis82]

Looks like a bit of a "flag" here very short term.

Could we squeeze back up a bit over 1468 ESZ, or will this consolidation fail and lead to a swift "re-test" of the lows again?

 

[Mup]

Bears will have another pop..

Its up to the bulls not to stop them and Wide spread through the area to trap the bears.

 

[TraderRob]

Rimm, Goog, Aapl, Csco getting hammered today and they have been the leaders. Congress just beat up Bernanke... I cant imagine why anyone would want to be long this market!

 

[mu200411]

SPX Microwave .iii is a little bit shorter than Microwave .v, unless Microwave .iv is a triangle.
So Microwave .iii may be just Infrawave .iii:i of Microwave .iii, then we will have Infrawave .iii:v today instead of Subminuette Wave v tomorrow or on Monday.
In that case we will have another 200,20,40 points down move today. Oh! Too terrible to contemplate.:eek: